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Ghana Considering Tax-Free on Equipment Imports for ’24-Hour Economy’ Factories

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Accra, Ghana – February 25, 2026 – President John Dramani Mahama has proposed granting duty-free and tax-free importation of capital equipment to factories registered under Ghana’s flagship 24-Hour Economy initiative, aiming to lower production costs, accelerate industrial expansion, and attract greater foreign and domestic investment.

The announcement came during the sod-cutting ceremony for the New Float Glass Manufacturing Company in Shama, Western Region, on February 25, 2026.

The event also marked the commissioning of a new sanitary ware production line and the fifth-phase expansion of KEDA (Ghana) Ceramics Company Limited’s ceramic tile facility—developments that underscore the government’s push to position Ghana as a competitive manufacturing hub in West Africa.

Speaking at the ceremony, President Mahama revealed that the proposal emerged from a recent high-level dialogue with private-sector leaders, fulfilling a pre-election commitment made during the 2024 campaign to hold annual consultations with industry captains.

“One of the main concerns raised was the cost of duties and taxes on capital equipment,” he explained. “For factories established and registered under the 24-Hour Economy initiative, I have proposed that equipment imported for expansion or retooling should enter the country duty- and tax-free.”

The 24-Hour Economy policy, formalized through legislation signed into law on February 19, 2026, seeks to boost productivity, create jobs, and increase export earnings by encouraging round-the-clock operations in key sectors.

The proposed tax relief would complement existing incentives—such as streamlined permitting, reliable power supply reforms, and local content requirements—by significantly reducing the upfront capital burden for manufacturers upgrading machinery or scaling capacity.

President Mahama assured investors that the government remains committed to delivering tangible support.

“The incentives are coming. Your belief in Ghana will be rewarded with policies that encourage even greater investment,” he stated.

He also highlighted the rapid industrial transformation underway in Shama, where nearly 800 acres of land released by traditional authorities now host the ceramic tile factory, its sanitary ware expansion, and the forthcoming float glass plant—one of the largest such facilities in Africa, with a planned daily output of 1,400 tonnes. The President noted that 60 percent of current production from the KEDA-Twyford complex is already exported to neighboring countries, Europe, and the United States, generating foreign exchange and building the “Made in Ghana” brand.

“This area is becoming the industrial hub of the Western Region,” Mahama declared, urging workers to treat the facilities as their own. “If you protect it, your children and grandchildren will also benefit from it.”

If approved by Parliament and implemented, the tax waiver could reduce manufacturing input costs by 15–30 percent for qualifying firms, accelerate technology adoption, and help Ghana achieve its target of raising the manufacturing sector’s contribution to GDP from around 13 percent to 15–20 percent over the medium term.

The move aligns with broader efforts to leverage the African Continental Free Trade Area (AfCFTA) and position Ghana as a preferred destination for light and medium-scale industrial investment in the sub-region.

The proposal now awaits formal legislative drafting and stakeholder consultation, with industry groups expected to welcome the measure as a critical enabler of the 24-Hour Economy’s success.

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Young Self-Taught Black Inventor Julian Brown Develops Revolutionary Plastic-to-Fuel Technology

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Atlanta, USA – A young Black inventor from Atlanta, Julian Brown, has stunned the scientific community and gone viral worldwide after developing a backyard process that converts everyday plastic waste into usable diesel, gasoline, and jet fuel.

Born in Tennessee and raised in Atlanta, Brown — a self-taught welder with no formal degree or laboratory — created a system called “Plastoline.”

Using an upgraded form of pyrolysis (a thermal decomposition process), enhanced with microwaves and solar energy for cleaner conversion, he built a small reactor capable of turning discarded plastics back into high-quality fuel.

Independent tests reportedly confirmed that the diesel and gasoline produced are among the most refined seen, and he has successfully powered vehicles with the fuel in live demonstrations.

Brown launched a startup called Nature Jab and began sharing his experiments on Instagram and TikTok, where the videos quickly gained millions of views globally. Despite suffering second-degree burns in a reactor explosion, he refused to abandon the project.

He attempted to raise $1 million to scale the technology but secured only tens of thousands of dollars. In July 2025, he posted that he was under attack before temporarily vanishing from public view.

He has since re-emerged, with supporters calling for his protection and greater investment in his work.

The innovation has sparked particular excitement across Africa, where plastic waste accumulates in massive quantities in landfills and communities.

Experts say Brown’s technology could offer a practical solution for turning waste into energy, addressing both environmental pollution and fuel shortages on the continent.

Commentators have criticised the lack of substantial support from investors and the broader community, questioning why a breakthrough with such transformative potential, especially from a young Black inventor, has not received wider backing.

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MTN Signals Major Data Center Investment Plans in Ghana

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Accra, Ghana – MTN Group is exploring significant investments in data centers in Ghana as Part of its digital push.

The telecoms giant says the move is a natural extension of its broader digital infrastructure strategy in one of its most important African markets.

Group Chief Executive Officer Ralph Mupita made the announcement during a strategic visit to Ghana at the beginning of 2026. He said the company is keen to partner with both public and private stakeholders to develop large-scale data centers that would enhance cloud computing, data storage, and digital service capabilities across the country.

Mupita stated that such facilities are critical to supporting Ghana’s long-term digital transformation and economic growth.

He acknowledged, however, that establishing world-class data centers would require addressing key infrastructure challenges, particularly reliable power supply, suitable land, and advanced cooling systems. MTN is therefore considering collaborative models to ensure projects meet both commercial viability and sustainability standards.

During his engagements, Mupita held discussions with MTN Ghana’s leadership, regulators, and senior government officials, including the Bank of Ghana, the Ghana Investment Promotion Centre, and Minister for Communications, Digital Technology and Innovations, Sam George.

He described Ghana as a priority market that “feels like home” and reaffirmed the Group’s commitment to deepening investments in digital infrastructure and financial inclusion.

On the fintech front, Mupita highlighted plans to expand mobile money services while working closely with the central bank to strengthen fraud prevention through artificial intelligence.

The visit underscored MTN’s ambition to remain a key partner in Ghana’s digital economy, driving innovation, job creation, and inclusive growth.

MTN Ghana (Scancom PLC) is the dominant telecommunications market leader in Ghana and has been recognized as a top-performing operation within the MTN Group. The company is actively shifting from a traditional telco to a technology platform company, with a focus on fintech (Mobile Money) and digital inclusion.

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New Cashew Processing Plant and Fertilizer Facility to be Set Up in Ghana

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Accra, Ghana – Ghana’s Ministry of Food and Agriculture has signed three Memoranda of Understanding with Chinese firm SENTUO Group Limited to drive agro-industrial growth through major new investments in processing, fertiliser production, and farmer support services.

The agreements, signed in Accra on Tuesday, include the establishment of a cashew processing plant at Sampa in the Bono Region and a fertiliser manufacturing facility. SENTUO will also roll out 30 Farmer Service Centres nationwide to improve access to quality inputs, mechanisation services, and technical support for farmers.

The projects are expected to create significant employment opportunities, particularly for young people, while enhancing value addition and reducing Ghana’s reliance on raw commodity exports.

Minister for Food and Agriculture Eric Opoku described the partnership as a major step toward the government’s Agriculture for Economic Transformation Agenda.

“We are ready to industrialise Ghana’s agriculture,” he said, adding that the cashew plant will process both nuts and apples to maximise returns across the entire value chain.

He emphasised the need to move from exporting raw produce to building a vibrant, value-driven agro-industrial economy.

The Chairman of SENTUO Group Limited, Xu Mingjuan, said the company’s nearly 20 years of operation in Ghana and the current government’s 24-hour economy policy had encouraged further investment. He confirmed that engineers have already started preliminary work on the projects.

The deals signal growing Chinese interest in Ghana’s agricultural transformation and are expected to strengthen food security, boost exports, and create sustainable jobs across the value chain.

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